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NRC to Sell 56 Retail Fuel Sites in Florida Panhandle

Most of the sites feature major brands of gas, and all have unbranded convenience stores.

October 4, 2010, 08:00 pm

CHICAGO -- NRC Realty & Capital Advisors LLC will coordinate the sale of up to 56 current and former retail petroleum properties located throughout the panhandle of Florida, of which, all are fee properties and most are operating gas stations with convenience stores, while a few are closed gas station/c-store combinations, the company stated.

Most of the operating stations are major-branded for gasoline including BP, Shell, Exxon, Chevron and Mobil, but all have unbranded convenience stores, according to NRC. Some of the sites have unbranded gas, and others have on-site carwashes. Sites may be purchased either with or without supply agreements, NRC stated.

"This sale offers some great opportunities for motor fuel marketers and individual dealers alike," Evan Gladstone, NRC executive managing director, said in a statement. "We expect strategic players will be looking at excellent market concentrations and some larger store formats as well as supply and available financing. Even those not currently operating in these markets may want to look at expansion opportunities."

Geographically, the sites are located in the Fort Walton Beach/Destin market area, the Pensacola and Panama City markets, in and around Crestview, and some are in smaller communities eastward toward and beyond Tallahassee, according to the company.

The properties will be sold through a sealed bid sale utilizing NRC's "buy one, some or all" format. Financing is available. The bid deadline is Dec. 7, 2010.

Property specific information and sale updates are available by registering online at www.nrc.com/1010. Sales brochures are available by calling (800) 747-3342, ext. 1010, or through the NRC Web site.